Pacer Advisors Inc. Trims Stake in AMN Healthcare Services Inc $AMN

Pacer Advisors Inc. cut its position in AMN Healthcare Services Inc (NYSE:AMN) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 304,688 shares of the company’s stock after selling 48,761 shares during the quarter. Pacer Advisors Inc.’s holdings in AMN Healthcare Services were worth $5,588,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AMN. Tower Research Capital LLC TRC increased its position in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after acquiring an additional 1,153 shares during the period. Swiss National Bank boosted its holdings in shares of AMN Healthcare Services by 1.9% in the fourth quarter. Swiss National Bank now owns 75,600 shares of the company’s stock valued at $1,191,000 after acquiring an additional 1,400 shares during the period. Creative Planning grew its position in shares of AMN Healthcare Services by 11.0% during the third quarter. Creative Planning now owns 14,664 shares of the company’s stock worth $284,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in shares of AMN Healthcare Services by 6.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company’s stock valued at $606,000 after acquiring an additional 1,679 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of several research reports. Wall Street Zen downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group raised their price objective on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Truist Financial upped their target price on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Robert W. Baird increased their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.00.

AMN Healthcare Services Trading Down 1.5%

NYSE:AMN opened at $32.76 on Thursday. The firm has a market cap of $1.27 billion, a P/E ratio of -37.66, a PEG ratio of 0.76 and a beta of 0.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The stock’s 50 day simple moving average is $32.32 and its 200-day simple moving average is $24.93. AMN Healthcare Services Inc has a 12-month low of $14.86 and a 12-month high of $36.27.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s quarterly revenue was up 99.9% compared to the same quarter last year. Equities analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director directly owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

AMN Healthcare Services Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.